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Risk management, simplified. One place to view everything about your account and understand how it impacts your margin.
This tutorial will cover a special tool offered by Vertex - the Margin Manager - and teach you how to make use of it.
The Margin Manager is one of the latest updates to the Vertex app. Take your trading to another level with an even more powerful experience where managing multiple positions on Vertex has never been easier. The Margin Manager is a page within the Portfolio section of the app, empowering traders to capture the benefits of Vertex’s unified cross-margin engine.
The Margin Manager is a tool that lets you see all of your account’s balances and positions in one place, including the impact they have on your margin.
- View your USDC balance along with any other deposits or borrows.
- Examine your Perp, LP, and Spread (NEW) Positions in real-time.
- Determine how everything related to your account contributes to your collateral or consumes margin.
- Understand how everything is calculated and given a value within Vertex.
- Make quick actions to manage your account.
-> Or use the sub-navigation to select Margin Manager.
NOTE: The sub-navigation bar is on the left-hand side for Desktop or the top of the screen for mobile.
At the top of the Margin Manager page, you will see your account’s margin totals. This is broken down into values related to both Initial and Maintenance margin:
- Funds Available: This represents the amount of margin you have available to initiate new positions. Also known as free collateral on some platforms.
- Margin Usage: Reflects how much of your total initial weighted margin is being used.
Both these terms represent your Initial Margin in a different way, where:
$0.00 Available Funds = 100% Margin Usage.
- Funds Until Liq: Represents the amount of margin you have remaining until your account can start being liquidated. You must maintain above $0 to not get liquidated.
- Liquidation Risk: Reflects how much of your total maintenance weighted margin is being used. It represents how close you are to liquidation on a 0-100% scale, where 100% means liquidation commences. Liquidation Risk is also commonly referred to as Maintenance Margin Usage.
Both these terms represent your Maintenance Margin in a different way, where:
$0.00 Funds Until Liq. = 100% Liq Risk
The tables below your account totals display all of your balances, positions, and the impact they have on your margin. Unique to Margin Manager is the 2 most far-right columns:
- Initial Weight / Margin Column: Here you will find the initial weight given to the balance or position and its impact on your initial margin.
- Maint. Weight / Margin Column: Here you will find the initial weight given to the balance or position and its impact on your initial margin.
The margin part will have a [+] or [-]. [+] = The balance or position contributes to the margin your account contains. This is collateral.
[-] = Requires margin and is actively using your collateral.
The account margin totals are the totals of the weight / margin columns in the tables below:
- Funds Available = The sum of all the Initial Margin table columns
- Funds Until Liq. = The sum of all the Maintenance Margin table columns.
-> In the top right corner of each table you will find a little calculator icon.
-> Hover over the icon.
-> A tooltip will appear displaying the calculation used to determine the margin impact.
Balances, perps, pools, and spreads all have different formulas for determining margin impact. There is also a long and short weight for each. To learn more about product specifications and weights, please refer to Vertex Product Docs.
Margin Manager is the first feature of the Vertex App to display the spread positions you currently maintain. Spread positions occur when you have a balance and a perp position that offset one another. A margin benefit is given to spread positions due to the decreased exposure an account has to that specific market.
Example: A deposit of wBTC and a short of BTC-PERP. Or the opposite; a wBTC borrow and a long BTC-PERP position. The size of the spread is the amount that has been offset. So if you have a 5 wBTC deposit and short 10 BTC-PERP, the spread size would be 5 BTC.
-> To the right of each table you will find the actions associated with that balance or position.
-> For USDC and other deposits/borrows, the drop down with 3 dots lets you deposit, withdraw, borrow, and repay.
-> For Perps you can quickly close positions.
-> For Pools you can provide or withdraw liquidity.
-> For Spreads you can trade the spot or perp position.
The Margin Manager is ultimately an objective tool for you to use as you like:
- Understand your account’s ability to trade/open new positions.
- Check your account’s risk of liquidation and what’s contributing to that risk.
- Manage your balances and positions via shortcuts.
- Visualize everything that is going on within your account in a single place.